Seaborne premium hard coking coal prices in the cfr and fob markets diverged on Wednesday June 2, with the high price for premium hard coking coal in cfr market discouraging mills from purchasing, according to sources.
Fastmarkets indices
Premium hard coking coal, fob DBCT: $154.84 per tonne, up by $1.40 per tonne
Premium hard coking coal, cfr Jingtang: $283.79 per tonne, down by $0.56 per tonne
Hard coking coal, fob DBCT: $134.94 per tonne, unchanged
Hard coking coal, cfr Jingtang: $244.58 per tonne, unchanged
The Chinese domestic coke price cut proposed by steel mills in east China is yet to be accepted by coke producers.
One major coke producer in China rejected the proposal from steel mills in Shandong province to cut the domestic coke price by 120...